Ebrard Warns Trump's Tariff Proposal Could Cost U.S. 400,000 Jobs in Automotive Industry

Nov 27, 2024, 02:19 PM

Mexican Economy Minister Marcelo Ebrard has warned that the imposition of 25% tariffs on Mexican products by President Donald Trump would be a 'shot in the foot' for the U.S. economy. Ebrard stated that such tariffs would lead to the loss of approximately 400,000 jobs in the United States, particularly affecting the automotive industry. He emphasized that the measure would have a negative economic, commercial, and social impact on the U.S., with American companies in Mexico being the primary victims due to Trump's tariff proposal.